The Chancellor George Osborne weighed in on the issue of misselling energy tariffs yesterday by declaring it was “quite right” the supplier SSE was penalised a record amount by Ofgem. Yesterday the watchdog handed out a £10.5 million fine to the provider and it is looking into three other suppliers over misleading sales practices.
In what could be another attempt to come across as a ‘man of the people’, the Conservative politician who was famously booed during an appearance at the 2012 Olympics criticised suppliers’ bad behaviour.
“They have treated their customers badly and it’s quite right they’ve got this big fine,” Mr Osborne told ITV.
The Chancellor spoke favourably of changes due in the imminent Energy Bill which will mean fines don’t go to the Treasury but are instead recycled directly back to customers.
He went on: “I’d like to see changes first of all so that in future these fines can go back to the customers not to the Government and second of all, so that these energy companies are forced to put families on the lowest tariffs to make sure people get the maximum help with their energy bills.”